Erie County Commissioners are doing the smart thing with the $102,000 or so in taxes realized when Kyklos Bearing, formerly the Delphi plant, sold off some acreage to a land redeveloper.
There's been much speculation on what the sale of the 128 acres, which includes a couple of manufacturing buildings at the Perkins Township plant, means for the future of the factory. Some of the predictions have been dire, some hopeful. It's going to depend on what the developer, Avergis and Associates of Lombard, Ill., wants to do.
Normally, much of the money -- which comes from a $4-per-$1,000 conveyance fee assessed by the county auditor -- would go to paying down the remaining debt on the county office building on Columbus Avenue. What's left over after that would likely go to the county's revolving loan fund, which provides seed money to new or expanding businesses.
But that debt is close to being paid off, so the entire amount might go to the revolving loan fund, says County Commissioner Tom Ferrell.
Because of state restrictions on how revolving loan fund money can be used, we urge the county to look at other ways the county might be able to use the money for economic development, but if the revolving loan fund is the way to go, then by all means let's go there.
Besides, it's nice to think and talk about things you might want do to, rather than the things you can't do.